This unique distance learning course on IFRS is designed to provide you with a comprehensive treatment of the major IFRS standards. Following an introductory, ‘scene-setting’ Unit 1, and in a departure from the standard-by-standard procedure adopted by many courses, this course applies its own take on the principle of ‘substance-over-form’ by grouping separate standards together, according to the natural economic affinity of their subject matter. For example, Unit 2 considers tangible assets and transactions in (tangible) goods, whilst Unit 3 focuses on intangible assets and transactions in services. Similarly, Unit 6 brings together the two topics which share a common exposure to extreme long-term uncertainty: post-retirement employment benefits, and provisions and contingent assets and liabilities.
Conversely, cross-cutting themes such as impairment, fair value, and revenue/expense recognition, are introduced in outline in Unit 1, and are then discussed in relevant detail in each of the subsequent Units where they have a significant impact.
Reflecting the overall objective of the course – to assist users in their economic decision making – the final Unit 8, pulls together all those elements of IFRS that are especially relevant to the needs of users, such as disclosures (including the relatively new and controversial principle of ‘through-the-eyes-of-management’), segmental and interim reporting, the use of conventional performance measures (such as EPS) and of alternative entity-specific non-IFRS performance measures.
For more information, please visit the course website:
The course will cover these core units:
1. Introduction to IFRS
2. Accounting for Tangible Assets and for Transaction in Goods
3. Accounting for Intangible Assets and Service Transactions
4. Accounting for Financial Instruments, Insurance and Foreign Currencies
5. Accounting for Investments in, and Disposals of, other Businesses
6. Accounting for Long-Term Uncertainty: Pensions and Provisions
7. Accounting for Taxes and Share-Based Payments
8. User Perspectives and Future Developments
Read the full agenda here: